Business

Avaya launches Middle East, Africa and India chapters 18 May 2015 - 09:05 am

Doha: The International Avaya Users Group (IAUG), has announced the launch of its Middle East, Africa and India Chapter for the region in...

7Up unveils special new integrated ad campaign 18 May 2015 - 09:04 am

Doha: Through an integrated 7 Up TV campaign, digital activation and an online hub www.originalspotting.com 7Up invites the region, to spot acts of...

LinkedIn launches B2B, B2C brands 18 May 2015 - 09:03 am

Doha: LinkedIn, the world’s largest professional network, announced the availability in Mena of a new set of products for marketers working for B2B...

Ukraine calls for debt restructuring to benefit foreign taxpayers 17 May 2015 - 08:09 pm

BERLIN--Ukrainian Finance Minister Natalia Yaresko said in a German newspaper interview that Kiev's foreign lenders should agree to a debt restructuring for the...

Qatar stocks close 24.24 points higher 17 May 2015 - 07:06 pm

DOHA: Qatar Stock Exchange (QSE) index gained 24.24 points (0.19 percent) when the bourse closed trading at 12,540.10 points here Sunday. The market...

ICBC Middle East plans benchmark dollar bond issue -sources 17 May 2015 - 06:52 pm

DUBAI--Industrial and Commercial Bank of China, the country's largest bank by assets, plans to issue a U.S. dollar-denominated benchmark bond through its branch...

QFC incorporates six annual business networking events into its calendar 17 May 2015 - 06:07 pm

Yousuf Al Jaida (fourth from left), Deputy CEO of QFC and other senior business leaders at QFC’s 13th Networking Event for Business and...

Eastern Libyan state oil firm AGOCO produces 270,000 bpd -spokesman 17 May 2015 - 05:46 pm

BENGHAZI, Libya--Libyan state oil company AGOCO, which is active in the east of the OPEC member country, is producing about 270,000 barrels a...

Sudan inflation up to 24.3 pct in April - statistics agency 17 May 2015 - 04:37 pm

KHARTOUM-- Sudan's inflation rate climbed to 24.3 percent in April from 23.2 percent in March, the Central Statistics Office said on Sunday, marking...

Saudi April inflation flat at 2.0 pct y/y 17 May 2015 - 04:06 pm

RIYADH--Saudi Arabia's Central Department of Statistics released the following April consumer price data on Sunday, showing inflation flat at its March level, which...

Saudi PetroRabigh says restarts VDU after unscheduled maintenance 17 May 2015 - 04:00 pm

KHOBAR, Saudi Arabia-- Saudi Arabia's PetroRabigh has restarted a vacuum distillation unit after unscheduled maintenance at its 400,000 barrel per day oil refinery,...

UAE's Waha Capital to invest up to $1.08 bln by 2020 -chairman 17 May 2015 - 03:57 pm

ABU DHABI-- Abu Dhabi investment firm Waha Capital plans to invest up to 4 billion dirhams ($1.08 billion) by 2020, the company said...

Kuwait's Agility Q1 profit rises 5 pct, in line with forecast 17 May 2015 - 03:51 pm

DUBAI-- Kuwait's Agility, one of the largest Gulf logistics companies, reported a 5 percent rise in first-quarter net profit on Sunday. The firm's...

Background mixed for Gulf; S&P upgrade may support Egypt 17 May 2015 - 03:48 pm

DUBAI-- Mixed messages from the oil market and concern that full-scale fighting in Yemen may soon resume could leave Gulf bourses trading sideways...

S. Korea to Expand Overseas Investment 17 May 2015 - 03:13 pm

SEOUL: South Korea will likely unveil measures to boost its outbound investment to make use of accumulated dollars and reduce possible risks from...

India beats own target to contain fiscal and revenue deficits 17 May 2015 - 03:00 pm

A woman buys vegetables at a market in Ahmedabad, India, May 12, 2015. NEW DELHI: India's government said on Sunday it managed to...

Global outlook brighter, but not enough yet for higher rates 17 May 2015 - 02:36 pm

LONDON: Prospects for a step-change in global economic growth are better than they have been in many years, but much depends on solid...

Low interest rates make saving nearly impossible 17 May 2015 - 01:16 pm

Paris---While borrowers rejoice at the ultra low and even negative interest rates in Europe, savers fret and life insurance companies and pension funds...